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Sep 11, 2010
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tom, those are the two words president obama used today to describe the pace of growth in the u.s. economy. and the economy was a big topic at his white house news conference this morning. >> tom: the other big topic, susie, was the president's announcement of his new top economic advisor. he's austan goolsbee. goolsbee has been on the president's economic team. he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the course this on election day. >> if it was just a referendum on whether we have made the progress we need to, then people around the country will say that we are not there yet. if the election is about the policies that are going to move us forward, ve
tom, those are the two words president obama used today to describe the pace of growth in the u.s. economy. and the economy was a big topic at his white house news conference this morning. >> tom: the other big topic, susie, was the president's announcement of his new top economic advisor. he's austan goolsbee. goolsbee has been on the president's economic team. he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to...
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Sep 25, 2010
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. >> the worst is probably behind us. the concern about a double dip is over and that now we should take advantage of the favorable seasonals in particular now that the mid term elections will soon be over. >> tom: the blue chips surge nearly 200 points, closing out a fourth straight week to the upside. you're watching "nightly business report" for friday, september 24. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. the bulls are back on wall street. tom, investors were enthusiastic on some encouraging economic news: orders in august for things like machinery and computers were stronger than expected. >> tom: susie, this is the fourth week in a row that the major stock averages were positive and in a big way. let's run down the numbers from today's action. the dow jumped almost 200 points. the
. >> the worst is probably behind us. the concern about a double dip is over and that now we should take advantage of the favorable seasonals in particular now that the mid term elections will soon be over. >> tom: the blue chips surge nearly 200 points, closing out a fourth straight week to the upside. you're watching "nightly business report" for friday, september 24. this is "nightly business report" with susie gharib and tom hudson. "nightly business...
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Sep 1, 2010
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jeanine poggi reports for the street.com and joins us. welcome to nightly business report. >> >> thank you for having me. >> there are two broadly diversified retail exchange stocks. how diversified are they. >> two of them. they're pretty diversified. i would say the spider retail is more diversified stretching across the sector withholdings from tiffany and nordstrom to amazon and netflix. it's very equally weighed. >> the ticker simple is xrt. it has a broad basket of stocks, 65 in all. year to date up just under 1%. when we look at the stocks it holds the biggest weighting is less than 3% of over all. does this make it more aggressive or defensive? >> this a more aggressive etf. it's ac equally weighed. they can have a bigger sway than other etfs. >> the ticker is rth. compared to it's relative it's 18 stocks big. year to date down 7 percent plus. less diversified. 20% is in wal-mart. better than 10% each in home depot and amazon. is this more of a consumer staple retail. >> absolutely. this is for someone who doesn't feel the consume
jeanine poggi reports for the street.com and joins us. welcome to nightly business report. >> >> thank you for having me. >> there are two broadly diversified retail exchange stocks. how diversified are they. >> two of them. they're pretty diversified. i would say the spider retail is more diversified stretching across the sector withholdings from tiffany and nordstrom to amazon and netflix. it's very equally weighed. >> the ticker simple is xrt. it has a broad...
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Sep 22, 2010
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jeff yastine joins us. the federal reserve kept its key interest rate at zero, but said it's ready to take action to boost the economy when the time is right. that announcement came today as the fed wrapped up its policy meeting in washington. susie, one thing that stood out at this meeting is the fed is getting more worried about inflation. the problem is, inflation is too low, and below what the fed considers acceptable. >> susie: that could be the catalyst for the fed to pump more money into the economy. so what will the central bank do next? suzanne pratt reports. >> reporter: two more meetings. one two-day event in early november, the other in mid december. that's the window the fed has left this year to boost the economy. but, whether the central bank eases monetary policy in the next few months depends on what happens with the economy. and, fed watcher dana saporta says it's clear now that policymakers have linked their next move to inflation, or more specifically, the lack of it. >> i think the fed
jeff yastine joins us. the federal reserve kept its key interest rate at zero, but said it's ready to take action to boost the economy when the time is right. that announcement came today as the fed wrapped up its policy meeting in washington. susie, one thing that stood out at this meeting is the fed is getting more worried about inflation. the problem is, inflation is too low, and below what the fed considers acceptable. >> susie: that could be the catalyst for the fed to pump more...
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Sep 14, 2010
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thank you for joining us. have a great night, susie. >> susie: i hope you have a great evening as well. i am a susie gharib. good night everyone, thanks for watching. we hope to see you all again tomorrow night. >> nightly business report is made possible by: you you this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" videos. to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more. pbs.
thank you for joining us. have a great night, susie. >> susie: i hope you have a great evening as well. i am a susie gharib. good night everyone, thanks for watching. we hope to see you all again tomorrow night. >> nightly business report is made possible by: you you this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing...
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Sep 16, 2010
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you can outsource everything to us, and piece to us. we can integrate for you and provide you with the hardware and software to meet your needs. we can provide were you you with consumer insights, and your web capabilities and ecommerce capabilities. and i think, for the first time you're going to find some of these companies who haven't had very stiff competition, will go unnamed, will find h.p. at their doorstep. >> very good. i thank you. >> thank you. >> tom: here's what we're watching for tomorrow: quarterly results from fedex, oracle and research in motion, along with the producer price index for august. treasury secretary timothy geithner testifies to a senate committee on exchange rate policies. also tomorrow, going after gamers. retailer gamestop launches a new online strategy to fend off bigger competition in the brick- and-mortar world. >> suzanne: u.p.s. is making waves in the shipping industry. today, the delivery giant launched a new ocean freight service. the move highlights the importance u.p.s. is placing on internation
you can outsource everything to us, and piece to us. we can integrate for you and provide you with the hardware and software to meet your needs. we can provide were you you with consumer insights, and your web capabilities and ecommerce capabilities. and i think, for the first time you're going to find some of these companies who haven't had very stiff competition, will go unnamed, will find h.p. at their doorstep. >> very good. i thank you. >> thank you. >> tom: here's what...
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Sep 18, 2010
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so, silver is used around the world. so, as economic growth improves in places like india, china and the developing nations, that typically can be helpful for silver demand. >> reporter: the rally in metals has been so strong in recent days, some profit taking is expected. but analysts still see the outlook as positive over the months ahead. >> now that we've broken over these new highs, we have long positions on the comex, we certainly have big builds up in the e.t.f.'s, it's possible that we're going to see some profit- taking over the couple of months to come, but i think as we go into the elections we'll still see the pot boiling on gold right now. >> reporter: even at current levels, gold has a long way to go to reach its inflation- adjusted all-time high. that would be between $2,200 and $2,300 an ounce. scott gurvey, "nightly business report," new york. >> suzanne: setting up the new consumer financial protection bureau is a job that can't wait. that's what president obama said today, as he tapped elizabeth warren
so, silver is used around the world. so, as economic growth improves in places like india, china and the developing nations, that typically can be helpful for silver demand. >> reporter: the rally in metals has been so strong in recent days, some profit taking is expected. but analysts still see the outlook as positive over the months ahead. >> now that we've broken over these new highs, we have long positions on the comex, we certainly have big builds up in the e.t.f.'s, it's...
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Sep 17, 2010
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we want to use that and use our associates to help drive us into the digital space. >> among the new titles he hopes will drive sales a familiar name to those older gamers, a new conkey kong game is due out before thanksgiving. >> susie: here's what we're watching for tomorrow: the consumer price index from august is released. our "market monitor" guest is elaine garzarelli, president of garzarelli capital. also tomorrow, household products tarn-x and c.l.r. are well-known brands. but did you know they're made by a small family business? we'll introduce you to the people behind jelmar in our "all in the family" series. mortgage rates inched higher for a second week in a row. freddie mac says the average rate on a 30-year fixed rate mortgage was 4.37%. while that's just off the historic low set two weeks ago, cheap borrowing costs haven't meant a boost in home sales. economists think that's because people are worried about job security and the bumpy recovery. >> tom: meanwhile, lenders took back more homes in august than any month since the mortgage crisis began. real estate data firm
we want to use that and use our associates to help drive us into the digital space. >> among the new titles he hopes will drive sales a familiar name to those older gamers, a new conkey kong game is due out before thanksgiving. >> susie: here's what we're watching for tomorrow: the consumer price index from august is released. our "market monitor" guest is elaine garzarelli, president of garzarelli capital. also tomorrow, household products tarn-x and c.l.r. are well-known...
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Sep 7, 2010
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. >> susie: good evening, everyone, and thanks for joining us for this labor day special edition. the jobs picture just keeps getting worse. tom, back in january, the economy was adding jobs and the recovery was gaining momentum. then europe's debt woes exploded and the global recovery came to a grinding halt. >> tom: susie, the latest employment numbers aren't much help. 54,000 jobs disappeared from u.s. payrolls in august, and the unemployment rate hit 9.6 >> susie: so how bad is the employment picture, and how long will it take to get back to where we were before the recession started? suzanne pratt puts it in perspective. >> reporter: it seems lately that signs like these are extremely hard to come by. even though the great recession may technically be over, the labor market is far from recovered. the nation's unemployment rate hit 10% late last year and has hovered just below there ever since. but economist dan greenhaus says that widely quoted number understates the magnitude of the job crisis and the inequalities within it. >> if you're an advanced degree white guy working
. >> susie: good evening, everyone, and thanks for joining us for this labor day special edition. the jobs picture just keeps getting worse. tom, back in january, the economy was adding jobs and the recovery was gaining momentum. then europe's debt woes exploded and the global recovery came to a grinding halt. >> tom: susie, the latest employment numbers aren't much help. 54,000 jobs disappeared from u.s. payrolls in august, and the unemployment rate hit 9.6 >> susie: so how...
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Sep 25, 2010
09/10
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. >> it's a little difficult for us right now. there is competition. a lot of the friends who graduated with me are looking for the same position, and we all have the same credential. so there is a tough competition. >> reporter: does that make you worried at all? >> of course, because i really don't know when i'm going to get a job. hopefully soon. >> reporter: another problem: there are thousands of nurses and technicians who would normally be retiring right now. but the bad economy has them staying on the job. dade medical college c.e.o. ernesto perez thinks that's a short term situation. >> it's a logjam, but it's a logjam that in the not-too- distant future. the dam is going to be burst. we're looking at 1.8 million people in medicaid, that will impacting the state of florida directly by most estimates. when you look at that, we're going to be needing nurses, technologists, physicians. >> reporter: as for our stock broker turned nurse... he shook a lot of hands, and talked with a lot of people, and he's convinced he'll soon find a nursing job. >>
. >> it's a little difficult for us right now. there is competition. a lot of the friends who graduated with me are looking for the same position, and we all have the same credential. so there is a tough competition. >> reporter: does that make you worried at all? >> of course, because i really don't know when i'm going to get a job. hopefully soon. >> reporter: another problem: there are thousands of nurses and technicians who would normally be retiring right now. but...
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Sep 30, 2010
09/10
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joining us now with more on h-p is tom smith, equity analyst at standard and poor's. hi, tom. >> hi, thanks for having me. >> susieso is leo apotheker the right person for this job. >> hp could have chosen from all across silicon valley and they chose him. he is a guy with some stormy tenure in his last days at hp but he knows software deeply as does ray lane and i think he can steer the company in a useful direction by taking them into software. >> susie: so actually that is interesting. both-of-these two new top executives have software expertise. do you think that means that hp is going to move more in that direction and away from hardware and services? >> well, i think so. i think they have recently built up the services through the eds acquisition and hardware through 3come, the palm, the three par acquisitions this area and some others. so i think they are really set up well in hardware to expand in a comprehensive data center offering. but you want hardware software and services and software where they are looking-- lacking in terms of what shows as a percentag
joining us now with more on h-p is tom smith, equity analyst at standard and poor's. hi, tom. >> hi, thanks for having me. >> susieso is leo apotheker the right person for this job. >> hp could have chosen from all across silicon valley and they chose him. he is a guy with some stormy tenure in his last days at hp but he knows software deeply as does ray lane and i think he can steer the company in a useful direction by taking them into software. >> susie: so actually...
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Sep 28, 2010
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stay with us. adam levine is a talented front man for one of music's most talented of acts, maroon 5, "hands all over" is the new disk they have just released, and here is them video for "misery ." the way it feels to be completely intertwined. it is not what i did not feel it is what i did not show i am in misery why will you not answer may ? ♪ tavis: by any definition, you have come a long way. you guys have done well. so good to have you on. i just want to say that my producer and i were talking about this, and i am note two albums late. i have to tell you how much i love this. >> thank you. that old thing? tavis: it is still in my rotation on my ipod. i am still digging that. you guys came out of the gate with smoke. >> that is crazy. the cool thing about it is it took a lot of work. when you become successful bands, it is immediately forgot what you did before to get there. it took a lot of work. we were touring in a van, sharing hotel rooms, three to four in a hotel room. it took a long tim
stay with us. adam levine is a talented front man for one of music's most talented of acts, maroon 5, "hands all over" is the new disk they have just released, and here is them video for "misery ." the way it feels to be completely intertwined. it is not what i did not feel it is what i did not show i am in misery why will you not answer may ? ♪ tavis: by any definition, you have come a long way. you guys have done well. so good to have you on. i just want to say that my...
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Sep 29, 2010
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here is something that a lot of us do not think about. you have millions of young people who really are sitting there now thinking i am really not that smart because i am i getting it. i am not learning. and they think there is something wrong with them. then they look at the film and realize it is not me. it is not me. i am ok. when kids do not believe they are smart, they do not work hard. what is the use of trying? i am not going to get it. it is my job to make you get it. that is why i get paid. you did not learn it so you get the f and you got left back. after years of that, what do you think happens to these kids? they start believing something is wrong with me and all my friends and everybody else i know, except for this tiny group of kids who seem to be doing ok and we present those kids -- and we resent those kids. this is the first time we looked at the system and we said maybe it does the system and not us. i am sure it is a revelation. what happens after that is they get angry. how did you guys let this happen to me? you know
here is something that a lot of us do not think about. you have millions of young people who really are sitting there now thinking i am really not that smart because i am i getting it. i am not learning. and they think there is something wrong with them. then they look at the film and realize it is not me. it is not me. i am ok. when kids do not believe they are smart, they do not work hard. what is the use of trying? i am not going to get it. it is my job to make you get it. that is why i get...
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Sep 23, 2010
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thanks to you for being with us. do stay with us if you can on "bbc world news." more to come. the hudson bay and mineral riches beneath the polar ice cap. first though, that booming chinese economy is having an unwelcome side effects. one generation ago, hardly anyone was overweight, and now, nearly one in two is overweight. we have this report. >> this is a 12-year-old. he is obese, weighing 40 kilograms more than he should. he has been sent to this clinic to lose weight. there are traditional chinese treatments of massage and acupuncture. like many in china, -- some say these children are spoiled, -- he says he does not do anything around the home. he just enjoys himself. the family's youngest member could once eat whatever he likes, sometimes two helpings, but now, he is on a strict diet of fruit and vegetables. across china, helping people to lose weight. it is a strict regime of exercise, healthy eating, and medical treatments. being overweight is not just a problem for the people here. it is also a problem for society at large. if you're overweight, you are more likely t
thanks to you for being with us. do stay with us if you can on "bbc world news." more to come. the hudson bay and mineral riches beneath the polar ice cap. first though, that booming chinese economy is having an unwelcome side effects. one generation ago, hardly anyone was overweight, and now, nearly one in two is overweight. we have this report. >> this is a 12-year-old. he is obese, weighing 40 kilograms more than he should. he has been sent to this clinic to lose weight....
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Sep 4, 2010
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he joins us tonight from the c.m.e. group in chicago. >> thanks for having me back, tom. >> tom: you're looking for dividends in this market, with that in mind, what kind of stock market returns do you think investors should expect? >> i think in the short run, short run meaning the next three to six months, i think if you can get somewhere around a 5% to 6% return, you're going to be doing pretty well. i have a feeling we're going to see a market that is fairly range-bound here for the remainder of the year. thus it will be a two yards and a cloud of dust type market. if you can get return, especially from dividend yields, which i think are pretty good. that's what you should be looking at right now. >> tom: 5 or 6% over six months is 10 or 12%. that's much better than historic average? >> i think there is a potential for that. i think it will be back-loaded in the last three months as opposed to the remainder of this year. i think the market will probably struggle for the remainder of this year. january and february o
he joins us tonight from the c.m.e. group in chicago. >> thanks for having me back, tom. >> tom: you're looking for dividends in this market, with that in mind, what kind of stock market returns do you think investors should expect? >> i think in the short run, short run meaning the next three to six months, i think if you can get somewhere around a 5% to 6% return, you're going to be doing pretty well. i have a feeling we're going to see a market that is fairly range-bound...